Maharashtra's Ready Reckoner Rates: ECI Approval

21 Feb 2024 CW Team

Maharashtra is contemplating seeking the approval of the Election Commission of India (ECI) before announcing the Ready Reckoner Rates on April 1. This potential step aims to adhere to the election code of conduct, ensuring transparency and compliance with regulatory norms during the election period.

The decision to seek ECI approval for Ready Reckoner Rates underscores the government's commitment to maintaining a fair and unbiased approach in matters related to property valuation. By proactively considering the election code of conduct, the authorities aim to uphold the integrity of the rate-setting process and avoid any potential conflicts or controversies during the electoral period.

The Ready Reckoner Rates, which play a pivotal role in property transactions and taxation, are subject to periodic revisions. The proposed approach of obtaining ECI approval reflects a cautious and responsible stance by the Maharashtra government, aligning with the principles of ethical governance and regulatory compliance.

This move is expected to provide clarity and assurance to stakeholders in the real estate sector, assuring them of a transparent and accountable process in determining property rates. As Maharashtra navigates the complexities of the electoral period, seeking ECI approval for Ready Reckoner Rates aims to uphold the standards of fairness and regulatory diligence in property valuation practices.

Infrastructure Transport

17 Oct 2025

Sonowal Unveils Eight Projects at NMPA’s Golden Jubilee

Union Minister for Ports, Shipping and Waterways, Shri Sarbananda Sonowal, inaugurated the Curtain Raiser Ceremony of the Golden Jubilee Celebrations of the New Mangalore Port Authority (NMPA) at Bharat Mandapam. To commemorate the milestone, he unveiled eight major maritime infrastructure projects designed to strengthen India’s port network, enhance logistics performance, and promote sustainability. These include a modern cruise terminal, new covered storage facilities, a 150-bed multi-speciality hospital, expanded truck terminals, and improved port access infrastructure aimed at enhancing..

India To Boost US LPG Imports, Cut Middle East Reliance

India is planning to reduce imports of liquefied petroleum gas (LPG) from the Middle East as state-owned refiners prepare to ramp up purchases from the United States, according to sources familiar with the matter. The move aligns with New Delhi’s efforts to expand energy cooperation and secure a broader trade deal with Washington. State refiners have already notified their traditional LPG suppliers in Saudi Arabia, the United Arab Emirates, Kuwait and Qatar of the potential reduction in imports. Although the exact size of the supply cut was not disclosed, earlier reports suggested that Indi..

UK Sanctions Nayara Energy in Crackdown on Russian Oil

The United Kingdom has announced fresh sanctions on 90 entities, including Indian refiner Nayara Energy Limited, in its latest bid to curb Russian oil revenues and weaken President Vladimir Putin’s war funding. The sanctions, unveiled jointly by the Foreign, Commonwealth and Development Office (FCDO) and the UK Treasury, aim to disrupt networks supporting Moscow’s crude exports amid the ongoing war in Ukraine. According to the FCDO, the new restrictions are intended to “strike at the heart of Putin’s war funding” by targeting firms and assets that enable Russia’s energy trade. “..